Pavilion Real Estate Investment Trust Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
For the six months, the company reported total gross revenue of MYR 207,993,000 against MYR 199,890,000 a year ago. The achievement was mainly contributed by rental from 2014 asset enhancement areas such as Beauty Precinct, extension of `Couture Pavilion' at Level 2 and Dining Loft at Level 7 as well as the increase in service charge that was revised in May 2014. Rental income was MYR 176,367,000 against MYR 167,016,000 a year ago. Net property income was MYR 144,839,000 against MYR 136,748,000 a year ago. Net investment income was MYR 147,865,000 against MYR 139,689,000 a year ago. Income before taxation was MYR 119,784,000 against MYR 112,266,000 a year ago. Income after taxation was MYR 119,784,000 or 3.97 sen per basic and diluted share against MYR 112,266,000 or 3.73 sen per basic and diluted share a year ago. Net cash from operating activities was MYR 136,707,000 against MYR 138,112,000 a year ago. Purchase of plant and equipment was MYR 67,000.